Problem 14 Intro A mutual fund owns the following stocks: 11,000 shares of General Electric, 29,000 shares of IBM, and 62,000 shares of Exxon Mobile. The fund has to pay back-wages of $540,000, and has issued 1 million shares to mutual fund shareholders. The fund will receive a dividend of $10 per share from its holdings of General Electric stock in two weeks, which the fund manager will reinvest by buying more shares of GE. Ignore tax effects. The stock prices for GE, IBM, and Exxon are as follows, respectively Time GE IBM Exxon 10am 695 185 254 End of the day 698 180 261 14 days later 704 178 252 Part 1 Attempt 1/5 for 2 pts. What is the value of the fund's holdings of Exxon at the end of the day? 0+ decimals Submit Problem 14 Intro A mutual fund owns the following stocks: 11,000 shares of General Electric, 29,000 shares of IBM, and 62,000 shares of Exxon Mobile. The fund has to pay back-wages of $540,000, and has issued 1 million shares to mutual fund shareholders. The fund will receive a dividend of $10 per share from its holdings of General Electric stock in two weeks, which the fund manager will reinvest by buying more shares of GE. Ignore tax effects. The stock prices for GE, IBM, and Exxon are as follows, respectively Time GE IBM Exxon 10am 695 185 254 End of the day 698 180 261 14 days later 704 178 252 Part 1 Attempt 1/5 for 2 pts. What is the value of the fund's holdings of Exxon at the end of the day? 0+ decimals Submit